Here are the tables in fixed font format:
APPLIED MATERIALS, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS
(UNAUDITED)
Three Months Ended Nine Months Ended
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(In thousands, except July 30, July 29, July 30, July 29,
per share amounts) 2000 2001 2000 2001
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Net sales $2,732,028 $1,333,871 $6,644,249 $5,974,438
Cost of products sold 1,340,126 800,839 3,297,428 3,253,783
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Gross margin 1,391,902 533,032 3,346,821 2,720,655
Operating expenses:
Research, development
and engineering 303,946 277,333 780,509 926,251
Marketing and selling 128,426 125,979 340,718 389,188
General and
administrative 133,291 114,369 343,998 306,481
Non-recurring items(1) -- 14,150 40,000 72,564
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Income from operations 826,239 1,201 1,841,596 1,026,171
Non-recurring income -- -- 68,158 --
Interest expense 12,665 10,709 38,154 34,981
Interest income 48,970 54,153 127,962 166,699
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Income before
income taxes 862,544 44,645 1,999,562 1,157,889
Provision for
income taxes 258,763 16,120 599,807 344,527
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Net income $ 603,781 $ 28,525 $1,399,755 $ 813,362
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Earnings per share:
Basic $ 0.75 $ 0.04 $ 1.74 $ 1.00
Diluted $ 0.70 $ 0.03 $ 1.63 $ 0.96
Weighted average
number of shares:
Basic 809,345 814,920 804,532 812,219
Diluted 862,071 853,905 858,585 848,793
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(1) The Company's reported results of operations for the third fiscal
quarter of 2001 included a non-tax deductible charge of $10
million for acquired in-process research and development
associated with the acquisition of Oramir Semiconductor Equipment
Ltd., and a pre-tax restructuring charge of $4 million associated
with severance and benefits costs. These non-recurring charges
amounted to $0.02 per diluted share after tax for the third fiscal
quarter of 2001.
APPLIED MATERIALS, INC.
CONSOLIDATED CONDENSED BALANCE SHEETS(2)
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October 29, July 29,
(In thousands) 2000 2001
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ASSETS
Current assets:
Cash and cash equivalents $ 1,647,604 $ 1,365,036
Short-term investments 2,580,435 3,315,886
Accounts receivable, net 2,351,379 1,315,800
Inventories 1,503,751 1,453,996
Deferred income taxes 549,108 545,598
Other current assets 206,870 244,711
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Total current assets 8,839,147 8,241,027
Property, plant and equipment, net 1,366,782 1,653,001
Other assets 339,801 339,258
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Total assets $10,545,730 $10,233,286
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LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Notes payable $ 94,676 $ 99,993
Current portion of long-term debt 11,621 4,652
Accounts payable and
accrued expenses 2,268,608 1,502,940
Income taxes payable 384,806 138,689
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Total current liabilities 2,759,711 1,746,274
Long-term debt 573,126 565,893
Deferred income taxes and
other liabilities 108,545 126,505
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Total liabilities 3,441,382 2,438,672
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Stockholders' equity:
Common stock 8,125 8,163
Additional paid-in capital 1,930,212 1,827,316
Retained earnings 5,185,181 5,998,543
Accumulated other comprehensive
income/(loss) (19,170) (39,408)
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Total stockholders' equity 7,104,348 7,794,614
----------- -----------
Total liabilities and
stockholders' equity $10,545,730 $10,233,286
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(2) Amounts as of July 29, 2001 are unaudited. Amounts as of October
29, 2000 are from the October 29, 2000 audited financial
statements.
--30--kwp/sf* dc/sf
CONTACT: Applied Materials, Inc.
Carolyn Schwartz, 408/748-5227 (investment community)
Jeffrey Lettes, 408/563-5161 (editorial/media)
KEYWORD: CALIFORNIA
INDUSTRY KEYWORD: HARDWARE COMPUTERS/ELECTRONICS NETWORKING
TELECOMMUNICATIONS EARNINGS
SOURCE: Applied Materials
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